Atico Mining Corp Sets 52-Week High; Strong Momentum for Holders

 Atico Mining Corp Sets 52 Week High; Strong Momentum for Holders

The stock of Atico Mining Corp (CVE:ATY) hit a new 52-week high and has $1.92 target or 195.00% above today’s $0.65 share price. The 7 months bullish chart indicates low risk for the $68.14 million company. The 1-year high was reported on Oct, 18 by Barchart.com. If the $1.92 price target is reached, the company will be worth $132.87 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 101,742 shares traded hands or 157.17% up from the average. Atico Mining Corp (CVE:ATY) has risen 6.00% since September 18, 2016 and is uptrending. It has outperformed by 0.52% the S&P500.

Atico Mining Corp (CVE:ATY) Ratings Coverage

Out of 3 analysts covering Atico Mining (CVE:ATY), 3 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. $0.90 is the highest target while $0.70 is the lowest. The $0.83 average target is 27.69% above today’s ($0.65) stock price. Atico Mining has been the topic of 6 analyst reports since August 26, 2015 according to StockzIntelligence Inc.

More important recent Atico Mining Corp (CVE:ATY) news were published by: Investingnews.com which released: “Atico Mining” on July 05, 2016, also Blogs.Wsj.com published article titled: “CFO Moves: Monster Worldwide, Bonobos, NGL Energy, Atico Mining”, Reuters.com published: “BRIEF-Atico Mining produces 4.79 mln pounds of Cu in Q2” on July 18, 2016. More interesting news about Atico Mining Corp (CVE:ATY) was released by: Seekingalpha.com and their article: “I’m Glad I Wasn’t Wrong About Atico Mining!” with publication date: June 19, 2016.

Atico Mining Corporation is a Canada firm engaged in copper-gold mining and related activities, including exploration, development, extraction and processing in Colombia, and the acquisition, exploration and development of copper and gold projects in Latin America. The company has a market cap of $68.14 million. The Company, through Minera El Roble S.A. , has interests in the El Roble mining property (El Roble). It currently has negative earnings. El Roble is an operating copper-gold mine in Colombia.

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